April 8 2021 | Buying/Selling
Let’s go back to March 2020, that is right when the pandemic hit hard. Around that time, condos had been selling through the roof. The average cost of a condo in March 2020 was $658,791 and there wasn’t a ton of inventory. If we fast forward to today and take a look at all asset classes: condos, townhouses, row houses, semi-detached and detached homes, the average price for a home in Toronto is $1,083,322 which is up 9.7% from last year.